Question: Given is a decision payoff table. a) The best decision under uncertainty using MAXIMAX is to select Blank 1 facility b) The best decision under

 Given is a decision payoff table. a) The best decision under
uncertainty using MAXIMAX is to select Blank 1 facility b) The best

Given is a decision payoff table. a) The best decision under uncertainty using MAXIMAX is to select Blank 1 facility b) The best decision under uncertainty using MAXIMIN is to select Blank 2 facility c) The best decision under uncertainty using LAPLACEJQUALITY LIKELY is to select Blank 3 facility d) If the probabilities for Future Demand when it is Low =0.35, Moderate =0.30, and High =0.35, the expected monetary value (EMV) for the large facility = Blank 4 . a) The best decision under uncertainty using MAXIMAX is to select Blank 1 facility The best decision under uncertainty using MAXIMIN is to select Blank 2 facility The best decision under uncertainty using LAPLACEJQUALITY LIKELY is to select Blank 3 facility 1) If the probabilities for Future Demand when it is Low =0.35, Moderate =0.30, and High =0.35, the expected monetary value (EMV) for he large facility = Blank 4 If the probabilities for Future Demand when it is Low =0.35, Moderate =0.30, and High =0.35, the best decision under risk is to select 3lank 5 facility

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